2014 1098-T’s will be mailed by:  , 2015; School Code:  26

Welcome to our 1098-T Tax page!  This is the page where you can easily access your 1098-T online.

Our 1098-T process is out-sourced to ECSI, a student services  management organization.

By navigating to 1098-T*,  one can readily obtain the needed tax information.  Please follow all instructions therein.  Please see important information below as to how West Liberty University does our tax reporting**

 

**West Liberty University Chooses to Report Qualifying Expenses/Scholarships and Grants

 Box 2. Amounts Billed for Qualified Tuition and Related Expenses

The amount reported is the total amount billed less any reductions in charges made during the calendar year that relate to the amounts billed for qualified tuition and related expenses during the same calendar year. The amount reported is not reduced by scholarships and grants reported in box 5.

IRS definition of qualifying expenses are:

Qualified tuition and related expenses are tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution.

The following are not qualified tuition and related expenses:

Amounts paid for any course or other education involving sports, games, or hobbies, unless the course or other education is part of the student’s degree program or is taken to acquire or improve job skills.

Charges and fees for room, board, insurance, medical expenses (including student health fees), transportation, and similar personal, living, or family expenses.

Box 5. Scholarships or Grants

This amount is the total of any scholarships or grants that had processed during the calendar year for payment towards the student’s cost of attendance. Scholarships and grants generally include all payments received from 3rd parties (excluding family members and loan proceeds). This includes institutional scholarship and grants, payments received from governmental and private entities such as the Department of Veterans Affairs, the Department of Defense, civic, and religious organizations, and nonprofit entities.

For additional information please visit:

IRS 2015 Instructions for Forms 1098-E and 1098-T Publication www.irs.gov/pub/irs-pdf/i1098et.pdf.

IRS Frequently Asked Questions: http://www.irs.gov/uac/American-Opportunity-Tax-Credit:-Questions-and-Answers

Please understand that West Liberty University cannot give any tax advice; one should consult with a qualified tax professional or contact the IRS Tax Payer Assistance Line at (800) 829-1040.

West Liberty University bases their 1098-T process on qualifying tuition and fee expenses, and scholarships and grant credits.  It is the responsibility of the tax payer to keep copies of their financial records.  Your 1098-T will include information extracted from our database between the dates of January 1st through December 31st of the tax year.**

*This link will redirect to an external website.

**Please note that in the majority of cases, the Spring term is included on the previous year’s 1098-T.